When deducting career-related expenses on your tax return, remember that you must have paid or incurred them during the tax year for which you're filing, and they must be "ordinary" and "necessary" in your line of work.

You could spend money creating a website of your own, but really, why? If you want to promote a play you're in or show off your headshots and reel, social networking sites like Facebook accomplish it beautifully.

When actors think of investments, visions of dollar signs tend to flash before their eyes. Yet, some of the best career moves are less about money and more about critical thinking, savvy strategy, and a willingness to take chances.